Executive and Co-founder of Elysium to join CRYPTALGO

A Swiss-based institutional crypto-trading and brokerage firm CRYPTALGO declared that it has approved Ed Mount to its advisory board
26 June 2018   324

Ed Mount will assist as the Chief Adviser of Trading Technologies. He is a specialist in automated database technologies and the former founder of Elysium Technology Group, a post-trade solutions provider for foreign exchange (FX) and futures. Previously, Mount was the Managing Director and Global Head of Electronic FX Trading at Nomura (a major Japanese financial holding company) and Royal Bank of Scotland.

Jon Matonis is another senior official to be appointed to the board. He is the Founding Director of the Bitcoin Foundation joins a host of other experienced hands at the firm. Matonis has got a wealth of experience in the crypto industry. Besides from co-founding the Bitcoin Foundation, he is on the board of Globitex and was on CoinDesk’s editorial board. Earlier Matonis worked for Visa and was CEO of Lydia Group, a private equity consultancy group.

Matonis and Mount enter a board that is chaired by Tobias Straessle, the former Saxo Bank Chief Information Officer and Chief Operating Officer. CRYPTALGO is headed by Francisco Portillejo Hoyos. The former Head of Derivatives Distribution for EMEA & LATAM at UBS AG is presently the cryptocurrency firm’s CEO.

Jon and Ed are prominent leaders of their respective industries - having them on board enforces investor interest in the cryptocurrency and blockchain market and continues to align the high standards of practice that CRYPTALGO provides with that of our clients. They are a strong and welcome addition to a team that aims to provide investors with robust, compliant and institutional-grade tools for crypto trading and investments.
Francisco Portillejo Hoyos,
Head, CRYPTALGO

CRYPTALGO was established in 2017. The company suggests connections to 20 crypto exchanges, providing execution services and asset management solutions to institutional customers. Cryptocurrency algo-trading system is being deployed by the firm, it is also proposing an arbitrage fund and other crypto investment products such as Indices and exchange-traded-funds (ETFs).

Crypto Investor to File Lawsuit Against AT&T

Michael Terpin believes that AT&T helped scammers to still his $24M worth crypto
16 August 2018   93

In the Los Angeles District Court, a 69-page lawsuit was filed by BitAngels founder Michael Terpin against the American telecom giant AT&T. Terpin claims that the operator assisted fraudsters in "stealing digital personal data" from the account on his smartphone, which is why he lost $ 24 million in cryptocurrency, according to an official release.

According to Terpin, for seven months, there were two hacks. Initially, an attacker got access to his phone number without providing a password or correct identification data. Later, the phone number was used to steal crypto.

AT&T’s studied indifference to protecting its customers’ privacy and financial assets is a metastasizing cancer, threatening hundreds of millions of unsuspecting AT&T’s customers. Our client had no idea when he initially signed up, nor when later he was promised the highest level of security for his account, that low-level retail employees with access to AT&T records, or people posing as them, can be bribed by criminals to override every system that AT&T advertises as unassailable.
 

Pierce O’Donnell
Lead counsel for Terpin in this complaint

Michael Terpin requires AT & T to pay him $ 224 million - $ 200 million for moral damages and $ 24 million for actual theft.